The Press Newspaper
Oregon City Council last Monday approved a 30-year Tax Increment Financing (TIF) agreement with BP-Husky Refining.
The joint agreement would exempt real property taxation of BP, and allow the city to finance infrastructure projects, including the relocation of Cedar Point Road to the south between Otter Creek and Wynn roads, estimated to cost between $10 million and $20 million, and improvements to the Amolsch-Driftmeyer Ditch, estimated to cost $5 million.
According to the agreement, taxes attributable to increased property values at BP would be set aside in a fund to finance public improvements within the boundaries of the TIF zone. So instead of BP paying taxes on increased property value, the money would go into a fund associated with the TIF that would help pay for the public improvements. There would be development agreements between the city and BP to proceed on the projects.
“The development agreement spells out how Oregon and BP will work together over time on the common projects - what are the things the city needs to do for the broader city interests, and what are the things that are just BP interests,” Administrator Mike Beazley said after the meeting. “And we divide those up and make sure we get it done right.”
Members of Oregon City Council last Monday asked the city to look into the possibility of using Wynn Elementary School as a senior center.
The Oregon school board recently announced that the school would be closing due to budgetary constraints following the defeat of an operation levy last month.
Council members Dennis Walendzak and Sandy Bihn asked Mayor Mike Seferian to look into the feasibility of using the school for a senior center.
The city in the last several years has been looking at options for a new senior center. The current facility, the James Hancock Center on Bay Shore Road, is deemed too small and inadequate for the growing senior population in the city.
“I know it’s kind of out there a little bit,” said Walendzak in proposing the idea at a committee of the whole meeting last Monday, “but I asked them to look at the potential of using that facility.”
Oregon City Council on Monday will consider approving a 30-year Tax Increment Financing (TIF) agreement with BP-Husky Refining.
A TIF agreement with the company would be a way for Oregon to help finance capital improvement projects in the area.
Taxes attributable to increased property values at BP would be set aside in a fund to finance public improvements within the boundaries of the TIF zone.
“Instead of BP paying taxes on increased property value, that money would go into a fund associated with a TIF that would help pay for the local share of public improvements,” said Administrator Mike Beazley.
The agreement would require BP to make the school district whole so it would not lose tax revenue, said Beazley.
The Ottawa County Board of Developmental Disabilities has scheduled a public hearing for Dec. 13 to present a draft of the board’s 2011 action plan.
The hearing is scheduled for 10 a.m. at the board’s office at 235 N. Toussaint South Road, Oak Harbor.
Melinda Slusser, the board’s superintendent, said families and those being served by the board as well as interested members of the community will be allowed to offer their input on the proposed plan.
The Lake Township trustees have rejected a request from CSX Transportation for the township to vacate Walbridge Road at a CSX crossing so the rail company can close the crossing to traffic.
After holding a third public hearing Tuesday on the company’s request, the trustees unanimously approved a resolution to deny it and send a letter to Ken Gilsdorf, community affairs and safety representative for CSX, informing the rail company of their decision.
Gilsdorf presented the CSX request to the trustees in October.
CSX had offered the township $10,000 if the trustees agreed to permanently close Walbridge Road at the crossing, which is located between East Broadway and Tracy Road.
The trustees voted on the request after hearing from residents, a member of the union representing CSX employees, and the chief s of the township’s police and fire departments.
No results found.